The Debate: Is Britain’s minimum wage too high? May 27, 2026 Rishi Sunak has confessed minimum wage hikes he oversaw were too high. But is raising wages during a cost of living crisis really so bad?
Jeevun Sandher MP: I am committed to Labour’s fiscal rules, but delivery matters too May 27, 2026 Rattled by watching the bond markets, Labour MP Jeevun Sandher says it's time for Labour to prioritise economics over politics.
Wes Streeting’s capital gains tax plan risks ‘disrupting’ growth May 26, 2026 Wes Streeting’s plans to align capital gains taxes while introducing an investment allowance could be “disruptive” for growth as City advisers have become divided over the benefits of sweeping reforms. Streeting told the BBC last week that he backed a plan, first proposed by the Centre for the Analysis of Taxation (Centax) and later adopted [...]
Petrol prices hit Iran war high as oil tops $100 again May 26, 2026 Petrol prices in the UK have hit a new high since the Iran war began, as the price of oil jumped back up to $100 per barrel following fresh US strikes. The average price of a litre of petrol is now 159.43p in the UK, according to motoring services firm the RAC. This petrol price [...]
As it happened: Petrol prices surge to Iran war record as Kingfisher helps lift stocks higher May 26, 2026 Good morning and welcome back to the City AM liveblog. The City is returning from the Bank Holiday break to find the tensions in the Middle East continuing in a stalemate – or perhaps a further escalation than last week. After days of threats President Donald Trump has issued a strike on Iran, which he [...]
Will Sky Garden pick up a coveted Toast the City award? May 26, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of the nominees. Today we caught up with Sky Garden director Monika Kowalewska-Kheir. To nominate your favourite Square Mile spots for the 2026 awards, from bars and restaurants to galleries and green spaces, visit the Toast the City website here. [...]
End quantitative tightening now May 26, 2026 Ending active quantitative tightening is not monetary loosening. The Bank must stop adding avoidable pressure to the gilt market.
Intense discounting pushes food inflation to year low May 26, 2026 Intense competition among UK supermarkets has pushed food inflation to its lowest level in a year, despite warnings that the Iran war will push up prices. Heavy discounting saw food inflation fall from 3.1 per cent last month to 2.7 per cent in May, according to data by the British Retail Consortium (BRC) and NIQ. [...]
Is housebuilding in London impossible? May 25, 2026 After its 900-home development in Peckham was blocked, housebuilder Berkeley said it can “no longer invest” in London. Felix Armstrong asks whether development in the capital really has hit a brick wall At the Aylesham Centre in Peckham, south London, shoppers are met with graffitied walls, peeling paint and shuttered retail units. The site began [...]
Supermarket price caps? Rachel Reeves is truly panicking May 25, 2026 Rachel Reeves's impulse to meddle in supermarket pricing shows she is not seriously interested in growth at all, writes Eliot Wilson.